Australia’s Commonwealth Bank Is Planning To Offer More Crypto Services

Largest bank in Australia, Commonwealth Bank, has plans to offer the ”full spectrum of consumer needs.”

Sophie Gilder, the Head of Blockchain and Digital Assets at Commonwealth Bank of Australia (CBA), said that the financial institution could offer additional crypto services to their clients. She also revealed that the bank is planning to double the size of its blockchain team going forward.

Commonwealth Bank of Australia announced last year that it will enable its customers to buy, sell, and hold digital assets, including Bitcoin and Ethereum, becoming the first Australian financial institution to do so.

Sophie Gilder, who spoke at Australia’s Blockchain Week conference, said that their clients have displayed huge enthusiasm towards the initiative:

“We launched CommBank crypto in December, and so far, the response has been extremely positive. The biggest complaint we’ve had is customers who haven’t been let into the pilot yet.”

Gilder also noted that CBA has plans to offer additional cryptocurrency services to reach the ”full spectrum of consumer needs,” adding that the bank intends to double the size of its blockchain division throughout this year.